Reason to trust
Strictly editorial policy that focuses on accuracy, relevance and impartiality
Made by experts from the industry and carefully assessed
The highest standards in reporting and publishing
Strictly editorial policy that focuses on accuracy, relevance and impartiality
Morbi Pretium Leo et Nisl Aliquam Mollis. Quisque Arcu Lorem, Ultricies Quis Pellentesque NEC, Ullamcorper Eu Odio.
Ethereum -Price started a new decrease in the $ 2,520 zone. ETH is now back below $ 2,450 and is struggling to stay above the $ 2,350 support.
- Ethereum started a new fall in the level of $ 2,520.
- The price acts under $ 2,450 and the 100-hour simple advancing average.
- There was a break under an important bullish trend line with support at $ 2,450 on the hourly table ETH/USD (data feed via Kraken).
- The couple can start a new increase if it remains stable above $ 2,350 zone in the short term.
Ethereum -Price finishes profit
Ethereum -Price started a new decrease in $ 2,520 resistance, such as Bitcoin. ETH price dropped below the level of $ 2,500 and $ 2,450 to enter a bearish zone in the short term.
By the way, there was a break under an important bullish trend line with support for $ 2,450 on the ETH/USD card per hour. The couple were even below the level of $ 2,400. A low point was formed at $ 2,373 and the price is now trying to recover some losses.
It climbed above the 23.6% FIB retracement level of the downward movement of the $ 2,523 Swing high to $ 2,373 low. Ethereum price now trades under $ 2,450 and the 100-hour simple advancing average.
At the top the price can experience the resistance near the level of $ 2,420. The next key resistance is near the level of $ 2,450. It is close to the 50% FIB racement level of the downward movement of the $ 2,523 Swing high to $ 2,373 low. The first major resistance is near the level of $ 2,465. A clear movement above the $ 2,465 resistance can send the price to the $ 2,520 resistance.
An upward break above the $ 2,520 resistance can request more profit in the coming sessions. In the indicated case, Ether could rise to the $ 2,550 resistance zone or even $ 2,650 in the short term.
Another decline of ETH?
If Ethereum did not know the resistance of $ 2,450, this can start a new decline. The first support at the disadvantage is near the level of $ 2,375. The first major support is near the $ 2,350 zone.
A clear movement under the support of $ 2,350 can push the price to the $ 2,280 support. More losses can send the price in the short term to the support level of $ 2,220. The following key support is at $ 2,150.
Technical indicators
Hour MacD – The MACD for ETH/USD loses Momentum in the bearish zone.
Hour RSI – The RSI for ETH/USD is now below 50 zone.
Major support level – $ 2,350
Main resistance level – $ 2,450